Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-292023-09-29falsetrue2022-09-3000trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13033888 2022-09-30 2023-09-29 13033888 2021-09-30 2022-09-29 13033888 2023-09-29 13033888 2022-09-29 13033888 c:Director1 2022-09-30 2023-09-29 13033888 d:MotorVehicles 2022-09-30 2023-09-29 13033888 d:MotorVehicles 2023-09-29 13033888 d:MotorVehicles 2022-09-29 13033888 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-30 2023-09-29 13033888 d:CurrentFinancialInstruments 2023-09-29 13033888 d:CurrentFinancialInstruments 2022-09-29 13033888 d:Non-currentFinancialInstruments 2023-09-29 13033888 d:Non-currentFinancialInstruments 2022-09-29 13033888 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-29 13033888 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-29 13033888 d:ShareCapital 2023-09-29 13033888 d:ShareCapital 2022-09-29 13033888 d:RetainedEarningsAccumulatedLosses 2023-09-29 13033888 d:RetainedEarningsAccumulatedLosses 2022-09-29 13033888 c:OrdinaryShareClass1 2022-09-30 2023-09-29 13033888 c:OrdinaryShareClass1 2023-09-29 13033888 c:OrdinaryShareClass1 2022-09-29 13033888 c:FRS102 2022-09-30 2023-09-29 13033888 c:AuditExempt-NoAccountantsReport 2022-09-30 2023-09-29 13033888 c:FullAccounts 2022-09-30 2023-09-29 13033888 c:PrivateLimitedCompanyLtd 2022-09-30 2023-09-29 13033888 e:PoundSterling 2022-09-30 2023-09-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13033888










FIFI AVIATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 SEPTEMBER 2023

 
FIFI AVIATION LIMITED
REGISTERED NUMBER: 13033888

BALANCE SHEET
AS AT 29 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
409,473
538,780

  
409,473
538,780

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
14,930

Debtors: amounts falling due within one year
 5 
222,728
100

  
222,728
15,030

Creditors: amounts falling due within one year
 6 
(2,073,073)
(1,318,748)

Net current liabilities
  
 
 
(1,850,345)
 
 
(1,303,718)

Total assets less current liabilities
  
(1,440,872)
(764,938)

  

Net liabilities
  
(1,440,872)
(764,938)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(1,440,972)
(765,038)

  
(1,440,872)
(764,938)


Page 1

 
FIFI AVIATION LIMITED
REGISTERED NUMBER: 13033888
    
BALANCE SHEET (CONTINUED)
AS AT 29 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2024.


................................................
P A Rodger
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FIFI AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023

1.


General information

Fifi Aviation Limited is a private Company limited by shares incorporated in England and Wales (no. 13033888). 
The Company's registered office and principal place of business is shown on the information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company relies on its parent for its day to day banking facilities and longer term finance. 
The directors (who are also directors of the parent company) have confirmed that the parent will continue to support the Company for the foreseeable future, and that it has the resources to do so. 
This support will allow the Company to continue in existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis for the preparation of these financial statements. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
FIFI AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Aviation assets
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. 


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 4

 
FIFI AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023

4.


Tangible fixed assets





Aviation Assets

£



Cost or valuation


At 30 September 2022
775,843



At 29 September 2023

775,843



Depreciation


At 30 September 2022
237,063


Charge for the year on owned assets
129,307



At 29 September 2023

366,370



Net book value



At 29 September 2023
409,473



At 29 September 2022
538,780


5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
-
14,930

-
14,930


2023
2022
£
£

Due within one year

Other debtors
222,628
-

Called up share capital not paid
100
100

222,728
100


Page 5

 
FIFI AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,009,235
1,312,058

Accruals and deferred income
63,838
6,690

2,073,073
1,318,748



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

The Company has taken advantage of the exemption within FRS102 not to disclose transactions and balances with other 100% owned companies within the group headed by Moore House Holdings Ltd. 


9.


Controlling party

The Company is controlled by Moore House Holdings Ltd, which owns the entire issued share capital. The ultimate controlling party is P A Rodger, by virtue of his controlling shareholding in Moore House Holdings Ltd. 
 
Page 6